Fiscal Note
S.B. 2
2025 General Session
New Fiscal Year Supplemental
Appropriations Act
by Stevenson, Jerry W.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $66,210,000 $(172,977,500) $(106,767,500)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
General Fund $0 $1,627,500 $1,627,500
Restricted Revenue $0 $491,200 $491,200
Restricted Revenue, One-time $0 $(5,348,600) $0
Other Financing Sources $0 $(87,278,400) $(87,278,400)
Other Financing Sources, One-
time
$0 $95,990,400 $0
Total Revenues $0 $5,482,100 $(85,159,700)
This bill transfers $5,482,100 in FY 2026 from the General/Income Tax Funds into other funds and
accounts. The bill also increases annual deposits to the General Fund by $1,627,500 ongoing due to
reductions in expenditures from accounts that impact the General Fund, shown below.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $(8,035,500) $(8,035,500)
General Fund, One-time $0 $63,420,100 $0
Income Tax Fund $0 $(56,547,000) $(56,547,000)
Income Tax Fund, One-time $0 $109,557,400 $0
Transportation Fund $0 $75,060,500 $75,060,500
Transportation Fund, One-time $0 $4,665,000 $0
Federal Funds $0 $228,579,800 $228,579,800
Federal Funds, One-time $0 $365,887,200 $0
Dedicated Credits Revenue $0 $123,151,300 $123,151,300
Dedicated Credits Revenue, One-
time
$0 $(33,652,800) $0
Restricted Revenue $0 $127,451,900 $127,451,900
Restricted Revenue, One-time $0 $90,667,000 $0
Transfers $0 $10,218,800 $10,218,800
Transfers, One-time $0 $3,430,600 $0
Other Financing Sources $0 $(19,437,300) $(19,437,300)
S.B. 2
2025/03/03 14:11, Lead Analyst: Steven Allred, Attorney: Gilbert, C. Other Financing Sources, One-
time
$0 $802,182,400 $0
Beginning Nonlapsing $0 $1,397,400 $1,397,400
Beginning Nonlapsing, One-time $0 $75,556,700 $0
Total Expenditures $0 $1,963,553,500 $481,839,900
This bill appropriates $1,958,071,400, including $102,912,900 from the General/Income Tax Funds for
FY 2026. These appropriations support the operations and capital acquisitions of state government,
including expendable funds and accounts. It transfers another $5,482,100 in FY 2026 from the
General/Income Tax Funds into other funds and accounts.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $(1,958,071,400) $(566,999,600)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah
residents and businesses.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation likely will not change the regulatory burden for Utah residents or
businesses.
Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
Notes on Notes
Fiscal explanations estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not
measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal explanation is not an appropriation. The
Legislature decides appropriations separately.
S.B. 2
2025/03/03 14:11, Lead Analyst: Steven Allred, Attorney: Gilbert, C.